Latest reports – Page 3327
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PropertyEU Archive
Hungarian investor turns to Dutch office market
Hungarian property tycoon Gábor Várszegin has unveiled plans to invest EUR 100 mln this year in the purchase of office properties in the Netherlands. The investor, which operates through Budapest-listed property firm, Fotex, aims to take advantage of opportunities in the Dutch property market following recent corrections.
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PropertyEU Archive
EU Directive on Alternative Investment Fund Managers misguided: PwC
The publication of the EU's proposed Directive on Alternative Investment Fund Managers, as it stands, could risk forcing the alternative asset management industry into radical restructuring due to an overreaching proposal to govern unregulated funds, PricewaterhouseCoopers has warned.
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PropertyEU Archive
Pace of decline in Irish property market slowing - IPD
Total returns for the SCS/IPD Irish Quarterly Property Index were -9.3% in the first quarter of the year, compared with -16.8% in the last quarter of 2008. The return for the year to March 2009 stands at -39.1%. Capital growth was -10.9% in the first three months of 2009, less ...
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PropertyEU Archive
IGD Siiq opens new mall in Catania
Italy's IGD Siiq said on Monday that its Katanè shopping centre will open its doors on Tuesday in the Sicilian city of Gravina, near Catania. The mall, with a total of 15,000 m2, houses 70 stores and six larger shops and an 8,000 m[sup]2[/sup] hypermarket owned by Ipercoop Sicilia. IGD ...
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PropertyEU Archive
Ratisbona sells two hypermarkets in Portugal
German property developer Ratisbona has sold two hypermarkets in Portugal for an undisclosed amount. The transaction, brokered by Jones Lang LaSalle Portugal, is one of the first property investment deals so far this year in the country. The assets, which are leased to the Grupo Jerónimo Martins under the Pingo ...
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PropertyEU Archive
Land Securities completes £83m of retail asset sales
UK property group Land Securities has completed the sale of £83 mln (EUR 93 mln) worth of retail assets from its shopping centre and retail warehouse portfolios during the last two months. The sale of the portfolio generated an average initial yield of 7.55% and all properties were sold individually ...
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PropertyEU Archive
GPR 250 Europe index posts first positive monthly return of 2009
The GPR 250 Europe index ended 22% higher in April 2009, the first positive monthly result of 2009. All countries in the index posted positive returns.
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PropertyEU Archive
LHI Leasing fund buys in Stuttgart for EUR 69m
German investor LHI Leasing has set up a new closed-end real estate fund to acquire the BMW dealership providing some 35,000 m[sup]2[/sup] of space in Stuttgart-Vaihingen. The investment volume of EUR 69 mln consists of EUR 57 mln provided by a number of investors in the fund and a further ...
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PropertyEU Archive
Falling occupancy hits Dublin office rents
Prime headline office rents in the Irish capital have dropped by more than 15% in the last 12 months due to declining demand, according to CBRE Ireland's bi-monthly research report.
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PropertyEU Archive
Icade in exclusive talks to sell facility management business
French property group Icade said it has decided to engage in 'exclusive negotiations' with Groupe TFN in relation to the sale of Icade Eurogem, its facility management business. The decision follows a broad consultation open to all the sector's players, the company added.
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PropertyEU Archive
Eurocastle to raise more capital in EUR 1.6 bn debt reshuffle
Eurocastle Investment has said it intends to go to the markets to raise additional capital 'in the near term' to pay down its corporate debt. The Frankfurt and Amsterdam-listed closed-end investment company said it has already received a conditional pledge from an existing shareholder to take up EUR 15.5 mln ...
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PropertyEU Archive
IMW in talks to sell EUR 230m of assets
Berlin-based IMW Immobilien said it is negotiating the sale of a EUR 230 mln portfolio after it unveiled a loss of EUR 160-170 mln in the year running to end-March 2009. The loss compares to a profit of EUR 32 mln a year before. The company said it is negotiating ...
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PropertyEU Archive
Bouygues starts development of Orange Porte Sud mall
French property group Bouygues Immobilier has started the development of the Orange Porte Sud shopping centre located in the new Porte Sud district in Orange, Southern France. Designed by architects Outsign, the scheme will consist of four parts providing a total of 32,000 m[sup]2[/sup] of retail space and 1,200 parking ...
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News
UK seeks pension fund investment in housing
UK - Plans to encourage pension funds to invest in private rented housing have been announced by the UK government’s Housing and Communities Agency (HCA).
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MagazineDangerous incisions
Fund managers are under pressure to cut costs in the current climate, but how expendable are client service staff compared with investment staff and analysts? Christine Senior reports
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PropertyEU Archive
Green light for C&R's Junction fund equity issue
Capital & Regional, the co-investing property asset manager, has announced that the unit holders in its Junction fund have voted in favour of changes to facilitate the proposed equity issue and the fund's new management structure. The equity issue is expected to raise around £65 mln (EUR73 mln) and ...
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PropertyEU Archive
CBRE reports first-quarter loss
CB Richard Ellis booked a net loss of $36.7 mln (EUR 27.6 mln), or $0.14 loss per diluted share, for the first quarter of 2009 on revenue of $890.4 mln. The first-quarter result was negatively impacted by one-off charges $15.7 mln, the company said. Excluding these charges, the net ...
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PropertyEU Archive
London & Stamford buys in Leeds
AIM-listed London & Stamford Property announced on Friday that it is acquired a property located at No1 Whitehall Riverside in Leeds from the Royal Bank of Scotland for £37.62 mln (EUR 45 mln). RBS was acting as trustee for the NewStar Property Unit Trust.
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PropertyEU Archive
Schoenherr advises Immoeast on Wipark sale
European law firm Schoenherr has advised Austrian real estate group Immoeast on the sale of Wipark Garagen, a leading operator and provider of parking facilities in Austria and Hungary.
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PropertyEU Archive
Sponda sells property for EUR 22m
Finland's Sponda has sold two logistics properties in Vantaa and a retail property in Joensuu for some EUR 22 mln, the company said this week. The two logistics properties in Vantaa were sold to a property investment firm owned by Mandatum Life Insurance Company Limited and Kaleva Mutual Insurance Company ...
